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Journals / Sosyoekonomi / 2026 / Cilt: 34 Sayı: 68

Empirical Evidence for the New Definitions in Financial Markets and the Equity Premium Puzzle

Finansal Piyasalarda Yeni Tanımlar için Ampirik Kanıtlar ve Hisse Senedi Primi Bulmacası

Atilla Aras(Gazi Üniversitesi)0000-0002-7727-9797
Duran Türkoğlu(GAZİ ÜNİVERSİTESİ)0000-0002-8667-1432
Pages
407–423
Publication Date
2026-04-28
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results suggest that the new definitions accurately specify the risk behaviours and can be used in investment strategies.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to present empirical evidence supporting the validity of new definitions of risk attitudes that may find a place in financial markets.
📊
Key Findings & Data:A new method, partly based on the consumption capital asset pricing model, is developed to determine risk behaviour in financial markets.
💡
Conclusion & Impact:The results suggest that the new definitions accurately specify the risk behaviours and can be used in investment strategies.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Hisse Senedi Yatırımcısı · Risksiz Varlık Yatırımcısı · Göreceli Riskten Kaçınma Katsayısı

Abstract

This study aims to present empirical evidence supporting the validity of new definitions of risk attitudes that may find a place in financial markets. A new method, partly based on the consumption capital asset pricing model, is developed to determine risk behaviour in financial markets. Additionally, the method specifies risk behaviours for unequal wealth values that differ in some respects from those of the standard method. Moreover, the method offers a solution to the equity premium puzzle. The results suggest that the new definitions accurately specify the risk behaviours and can be used in investment strategies.

Özet

Bu çalışma, finansal piyasalarda kendisine yer bulabilecek risk tutumları ile ilgili yeni tanımların doğruluğunu desteklemek için ampirik kanıtlar sunmayı amaçlamaktadır. Finansal piyasalardaki risk davranışlarını belirlemek için kısmen tüketime dayalı sermaye varlıkları fiyatlandırma modeline dayanan yeni bir yöntem geliştirilmiştir. Üstelik, yöntem standart yöntemden farklı olarak eşit olmayan servet değerlerinde risk davranışlarını belirtmektedir. Ayrıca, yöntem hisse senedi primi bulmacasına çözüm sunmaktadır. Sonuçlar, yeni tanımların risk davranışlarını doğru bir şekilde belirttiğini ve yatırım stratejilerinde kullanılması gerektiğini göstermektedir.

🔖

Cite This Article

Aras, A., Türkoğlu, D. (2026). Empirical Evidence for the New Definitions in Financial Markets and the Equity Premium Puzzle. Sosyoekonomi, Cilt: 34 Sayı: 68, 407–423. https://doi.org/10.17233/sosyoekonomi.2026.02.17

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